https://www.taxtmi.com/caselaws?id=435463 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete the addition towards profit on the sale of 20 flats and confirming the assessee's eligibility for deduction u/s 80IB(10) of the Act. The Tribunal found the transfer of flats via the unregistered MOU dated 08.10.2009 to be genuine, allowing the firm to claim the deduction for the entire profit derived from the housing project, including the transfer of flats to partners. en-us Wed, 08 Feb 2023 00:00:00 +0530 Tue, 21 Mar 2023 08:15:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435463 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete the addition towards profit on the sale of 20 flats and confirming the assessee's eligibility for deduction u/s 80IB(10) of the Act. The Tribunal found the transfer of flats via the unregistered MOU dated 08.10.2009 to be genuine, allowing the firm to claim the deduction for the entire profit derived from the housing project, including the transfer of flats to partners. Case-Laws Income Tax Wed, 08 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435463